NIKE, Inc. $NKE Shares Sold by M&T Bank Corp

Key Points

• M&T Bank trimmed its NIKE stake by 24.3%, selling 54,079 shares and leaving 168,772 shares valued at about $10.75 million at quarter end.
• Insiders bought stock: CEO Elliott Hill purchased 23,660 shares and Director Timothy D. Cook bought 25,000 shares in April, increasing their ownership and signaling insider confidence.
• Analyst sentiment is mixed, with several firms cutting targets; the consensus rating is "Hold" and the average price target is roughly $62.34.

M&T Bank Corp trimmed its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 24.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 168,772 shares of the footwear maker's stock after selling 54,079 shares during the quarter. M&T Bank Corp's holdings in NIKE were worth $10,752,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Main Street Financial Solutions LLC increased its stake in shares of NIKE by 4.2% during the second quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker's stock worth $244,000 after acquiring an additional 139 shares during the period. Spirepoint Private Client LLC increased its stake in shares of NIKE by 0.4% during the third quarter. Spirepoint Private Client LLC now owns 36,140 shares of the footwear maker's stock worth $2,520,000 after acquiring an additional 153 shares during the period. Diligent Investors LLC grew its position in NIKE by 4.3% during the fourth quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker's stock worth $237,000 after buying an additional 153 shares during the period. CVA Family Office LLC grew its position in NIKE by 8.0% during the third quarter. CVA Family Office LLC now owns 2,113 shares of the footwear maker's stock worth $147,000 after buying an additional 156 shares during the period. Finally, Naples Global Advisors LLC grew its position in NIKE by 1.9% during the third quarter. Naples Global Advisors LLC now owns 8,514 shares of the footwear maker's stock worth $597,000 after buying an additional 159 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NIKE

In other NIKE news, CEO Elliott Hill purchased 23,660 shares of NIKE stock in a transaction on Monday, April 13th. The shares were bought at an average price of $42.27 per share, with a total value of $1,000,108.20. Following the completion of the acquisition, the chief executive officer directly owned 265,247 shares of the company's stock, valued at approximately $11,211,990.69. This trade represents a 9.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy D. Cook purchased 25,000 shares of NIKE stock in a transaction on Friday, April 10th. The stock was acquired at an average cost of $42.43 per share, for a total transaction of $1,060,750.00. Following the acquisition, the director directly owned 130,480 shares of the company's stock, valued at approximately $5,536,266.40. This represents a 23.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 64,441 shares of company stock worth $2,734,204 over the last ninety days. 0.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on NKE shares. Citigroup lowered their target price on shares of NIKE from $65.00 to $53.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 1st. JPMorgan Chase & Co. restated a "neutral" rating on shares of NIKE in a research report on Monday, April 13th. Guggenheim lowered their target price on shares of NIKE from $77.00 to $74.00 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. Stifel Nicolaus lowered their target price on shares of NIKE from $65.00 to $56.00 and set a "hold" rating on the stock in a research report on Wednesday, April 1st. Finally, DA Davidson lowered shares of NIKE from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $72.00 to $46.00 in a research report on Thursday, April 2nd. Seventeen analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $62.34.

NIKE Stock Down 0.1%

Shares of NYSE NKE opened at $44.74 on Friday. NIKE, Inc. has a 12-month low of $42.09 and a 12-month high of $80.17. The company has a market capitalization of $66.25 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 2.37 and a beta of 1.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45. The firm's 50-day moving average is $52.99 and its two-hundred day moving average is $60.40.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The company's revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts anticipate that NIKE, Inc. will post 1.52 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd. NIKE's dividend payout ratio is 108.61%.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Sanford C. Bernstein reaffirmed a "buy" on NKE, keeping institutional-level support for the turnaround thesis and signaling confidence from an influential sell-side shop. MarketScreener
• Positive Sentiment: CEO-level confidence: reports say Nike's CEO personally increased a compensation/skin-in-the-game commitment by $1M, which investors often view as alignment with shareholder interests. MSN
• Positive Sentiment: Market reaction to the latest cost actions was initially supportive: NKE ticked up after-hours when the company announced another round of layoffs, suggesting investors see near-term margin/cash-flow benefits. MSN After-hours
• Positive Sentiment: DZ Bank also reaffirmed a buy rating, adding a second endorsement from the sell-side that supports the case for recovery if execution improves. AmericanBankingNews
• Neutral Sentiment: Nike announced roughly 1,400 job cuts (mainly in technology) as part of its "Win Now" efficiency push — a move that should reduce costs but also underscores that the turnaround is still in progress. WSJ
• Negative Sentiment: Short interest jumped ~22.8% in April to ~56.1M shares (≈3.8% of float), signaling growing bearish positioning and increased potential selling pressure despite a modest days-to-cover ratio (~1.4). (internal short-interest report)
• Negative Sentiment: Analyst debate and structural concerns persist: commentary about a potential "generational reset" and multi-year share losses reflects skepticism that execution and product momentum will recover quickly. Benzinga
• Negative Sentiment: Competitive pressure and talent migration (e.g., a former Nike executive named CEO at Lululemon) highlight market-share threats that could weigh on near-term sales recovery. FinancialPost

NIKE Company Profile

Nike, Inc NYSE: NKE is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).

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